Title Insurers are Entitled to Recovery Under a Virginia Settlement Agent Surety Bond
Too frequently, title insurance companies receive a notice of claim from an insured lender or borrower asserting that a settlement agent failed to record a deed of trust, failed to include the proper legal description, failed to obtain a necessary release of lien, etc.
By Brian O. Dolan
Private Client Services Update - The Special Opportunities for Disclaimers in 2010
For families of decedents dying in 2010, while there is no federal estate tax, disclaimers can be a especially useful tool.
By Robert C. Goodman Jr., Sarah E. Messersmith and Private Client Services
The Young Lawyer's Dilemma Part 2: Gaining Perspective
The Federal Lawyer recently published R. Johan Conrod's article, 'The Young Lawyer's Dilemma Part 2: Gaining Perspective.'
By R. Johan Conrod Jr.
Employment Law Update - Summer 2010
In this Issue:
- Employment Practices Affected by Federal Health Care Reform
- Agency Reps Provide Tips to Attendees of the 26th Annual Employment Law Update
- Sex[t]ual Harassment - Do Employers Need a Text Messaging Policy
- HIRE Act Provides New Hiring Incentives
- 26th Annual Employment Law Update: Featuring an All New Health Care Reform Presentation
By Labor & Employment
District Court Upholds ESOP Stock Cash-Out Feature for Terminated Employees
Tharaldson Motels, Inc. ("TMI") is a holding company that owns and operates hotels in 36 states. TMI adopted an ESOP in 1998, which, by the end of 1999, had acquired 100 percent of TMI's stock. Prior to 2005, the governing plan documents required plan participants who terminated employment to elect either an immediate cash distribution or a reinvestment of their stock balance in a stable value account; the plan did not allow participants to retain their balances in TMI stock after termination of employment.
By Richard C. Mapp III
Private Client Services Update - It's For the Kids: Creation of a Children's Trust
There are many reasons why estate planning clients choose to create trusts. Until the "repeal" of the federal estate tax in 2010, trusts were used to capture and shelter the estate tax exemption amount of the first spouse to die.
By Sarah E. Messersmith and Private Client Services
Real Estate Strategies Update - "Inverse Condemnation" Explained
Eminent domain or condemnation relates to the power of the government and certain authorities to take title to property needed for a public purpose. While eminent domain has received plenty of attention in the last several years in the wake of the Kelo case, what is a property owner to do when the government fails to exercise its power of eminent domain, yet property is "taken" or "damaged" by a public works project or the enactment of some regulation or restriction?
By Mark A. Short and Real Estate Strategies Group